WILLY VAN EECKHOUTTE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WILLY VAN EECKHOUTTE
Largest movements
- Receivables within one year -€111,546
down €111,546 (-40.6%), from €274,842 to €163,296
of which Other amounts receivable: -€82,013
- Cash +€82,086
up €82,086 (+8.3%), from €992,039 to €1.1m
mainly Net result for the year (+€186,895) and Receivables within one year (+€111,546)
- Current investments +€20,000
up €20,000 (+4.0%), from €500,000 to €520,000
- Tangible fixed assets -€19,208
down €19,208 (-19.3%), from €99,740 to €80,532
- Advances received -€30,629
down €30,629 (-100%), from €30,629 to €0
- Gross operating margin -€234,878
down €234,878 (-45.3%), from €518,207 to €283,328
- Taxes -€70,018
down €70,018 (-45.6%), from €153,532 to €83,514
- Financial income +€11,039
up €11,039 (+184%), from €6,003 to €17,042
- Depreciation -€6,324
down €6,324 (-20.1%), from €31,408 to €25,084
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,872,765 | €1,843,522 | -€29,243 | -1.6% |
| Fixed assets | 21/28 | €100,149 | €80,532 | -€19,616 | -19.6% |
| Intangible fixed assets | 21 | €408 | €0 | -€408 | -100% |
| Tangible fixed assets | 22/27 | €99,740 | €80,532 | -€19,208 | -19.3% |
| Land and buildings | 22 | €55,863 | €46,481 | -€9,381 | -16.8% |
| Plant, machinery and equipment | 23 | €2,266 | €1,700 | -€567 | -25.0% |
| Furniture and vehicles | 24 | €32,391 | €23,132 | -€9,260 | -28.6% |
| Other tangible fixed assets | 26 | €9,220 | €9,220 | = | 0.0% |
| Current assets | 29/58 | €1,772,616 | €1,762,990 | -€9,626 | -0.5% |
| Amounts receivable within one year | 40/41 | €274,842 | €163,296 | -€111,546 | -40.6% |
| Trade receivables | 40 | €47,100 | €17,568 | -€29,532 | -62.7% |
| Other amounts receivable | 41 | €227,742 | €145,728 | -€82,013 | -36.0% |
| Current investments | 50/53 | €500,000 | €520,000 | +€20,000 | +4.0% |
| Cash at bank and in hand | 54/58 | €992,039 | €1,074,126 | +€82,086 | +8.3% |
| Deferred charges and accrued income | 490/1 | €5,735 | €5,568 | -€167 | -2.9% |
| Total equity and liabilities | 10/49 | €1,872,765 | €1,843,522 | -€29,243 | -1.6% |
| Equity | 10/15 | €1,759,163 | €1,742,206 | -€16,957 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,746,763 | €1,729,806 | -€16,957 | -1.0% |
| Distributable reserves | 133 | €1,746,763 | €1,729,806 | -€16,957 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,602 | €101,317 | -€12,285 | -10.8% |
| Amounts payable within one year | 42/48 | €113,602 | €101,317 | -€12,285 | -10.8% |
| Trade debts | 44 | €135 | €1,498 | +€1,363 | +1,010% |
| Suppliers | 440/4 | €135 | €1,498 | +€1,363 | +1,010% |
| Advances received on contracts in progress | 46 | €30,629 | €0 | -€30,629 | -100% |
| Taxes, remuneration and social security | 45 | €82,838 | €98,776 | +€15,938 | +19.2% |
| Taxes | 450/3 | €82,720 | €98,586 | +€15,866 | +19.2% |
| Remuneration and social security | 454/9 | €118 | €190 | +€72 | +60.7% |
| Other amounts payable | 47/48 | €0 | €1,043 | +€1,043 | |
| Remuneration, social security and pensions | 62 | €1,184 | €1,515 | +€331 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,408 | €25,084 | -€6,324 | -20.1% |
| Other operating charges | 640/8 | €1,957 | €2,045 | +€87 | +4.5% |
| Gross operating margin | 9900 | €518,207 | €283,328 | -€234,878 | -45.3% |
| Operating profit (loss) | 9901 | €483,657 | €254,684 | -€228,973 | -47.3% |
| Financial income | 75/76B | €6,003 | €17,042 | +€11,039 | +184% |
| Recurring financial income | 75 | €6,003 | €17,042 | +€11,039 | +184% |
| Financial charges | 65/66B | €177 | €1,317 | +€1,140 | +645% |
| Recurring financial charges | 65 | €177 | €1,317 | +€1,140 | +645% |
| Profit (loss) for the period before taxes | 9903 | €489,483 | €270,409 | -€219,075 | -44.8% |
| Income taxes | 67/77 | €153,532 | €83,514 | -€70,018 | -45.6% |
| Profit (loss) for the period | 9904 | €335,951 | €186,895 | -€149,057 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €335,951 | €186,895 | -€149,057 | -44.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.